| Lodging and Innovation Series Lodging and Innovation Series Event Ended on April 28, 2016 Los Angeles, CA Chip Conley Head of Global Hospitality & Strategy - Airbnb Hotel guru. Armchair psychologist. Traveling philosopher. Author. Speaker. Teacher. Student. Chip Conley has lived out more than one calling in his lifetime. No one has led the development, creation, and management of more boutique hotels than Chip Conley, founder and former CEO of Joie de Vivre (JDV). At age 26, Chip’s mission was to “create joy” by building a company that USA Today called “the most delightfully schizophrenic collection of hotels in America.” During his nearly 24 years as CEO, JDV grew to become the second largest boutique hotel company in America. (Chip is no longer an owner or leader of Joie de Vivre’s management business – now part of Commune Hotels – but remains a partner in several hotel properties.) Chip shares his unique prescription for success in PEAK: How Great Companies Get Their Mojo from Maslow, based on noted psychologist Abraham Maslow’s iconic Hierarchy of Needs.

The New York Times bestseller, EMOTIONAL EQUATIONS: Simple Truths for Creating Happiness + Success, is Chip’s latest book where he takes us from emotional intelligence to emotional fluency – placing meaning at the top of the balance sheet. His previous books include The Rebel Rules: Daring to be Yourself in Business, and Marketing That Matters: 10 Practices to Profit Your Business and Change the World. Chip presents his theories on transformation and meaning – in business and life – to audiences around the world and he’s been a featured speaker at TED. Honored with the 2012 Pioneer Award – hospitality’s highest accolade – The San Francisco Business Times named Chip the Most Innovative CEO – and JDV the 2nd Best Place to Work in the entire Bay Area. Chip received his BA and MBA from Stanford University and holds an Honorary Doctorate in Psychology from Saybrook University, where he is the 2012/2013 Scholar- Practitioner in residence. He served on the Glide Memorial Board for nearly a decade and is now on the Boards of the Burning Man Project, the Esalen Institute, and Youth Speaks.

In 2013, Chip launched Fest300 where he shares his passion for world festivals. And, he joined Airbnb as Head of Global Hospitality & Strategy, where he’s sharing his proven methods with hosts in nearly 200 countries. You can follow his adventures on his Fest300 travel blog. Sam Nazarian CEO - SBE Entertainment Group Nazarian's career began in the tech industry with a wireless company he co-founded and later sold after leading its rapid growth and record sales. In 2001, Nazarian began to hone his expertise in development and hospitality by successfully diversifying his family's assets into real estate holdings across virtually all sectors of the market. It was during this phase of his career that Nazarian began to see a demand for a different approach to hospitality-one that would fundamentally change the industry moving forward. From the launch of sbe's first nightclub in 2003, Nazarian has evolved the privately-held sbe into the definitive name in luxury with a collection that includes some of the most exclusive and high-profile hospitality and lifestyle destinations in the world.

To create sbe's award-winning portfolio, Nazarian has aligned with internationally acclaimed design and culinary talents such as Philippe Starck and Matthew Rolston and chefs José Andrés and Katsuya Uechi. Nazarian's business savvy and creative vision have also attracted the interest of Wall Street, as well as active participation from a "who's who" of financial institutions, including Merrill Lynch, JP Morgan, Credit Suisse, Lowe Enterprises, Colony Capital and Stockbridge Real Estate Funds. Recently named on Fortune’s 40 Under 40 2014 List, Nazarian also was one of the youngest executive to be included in the "Top 100 Most Powerful People in Southern California" by West, the Los Angeles Times' magazine. Nazarian was also named among "The Influentials" in Los Angeles Magazine and was recently honored with the Mondavi Wine & Food award and named the "Hotelier of the Year" two years in a row by HotelChatter.com. He is an active member of the Southern California Institute of Architecture's Board of Directors and a generous supporter of the Beverly Hills Education Foundation.

In July 2009, Los Angeles Mayor Antonio Villaraigosa appointed Nazarian to the Board of Airport Commissioners of Los Angeles World Airports. Nazarian studied at New York University and the University of Southern California and currently divides his time between residences in Los Angeles, New York and Miami. Brad Wilson President - ACE Hotel Brad Wilson is President and co-Partner of Atelier Ace. His first jobs in hospitality were with Hilton International, Park Hyatt, and Westin. He was recruited to launch the first W Hotel and helped guide the fledgling Starwood brand’s early days, rising to Vice President of Operations for W Worldwide. From there, he helped build James Hotels from the ground up, serving as CEO. Wilson attended Cornell University’s School of Hotel Administration. Robert Olson CEO - R.D.Olson Development Robert Olson is the founder of R.D. Olson Development, an Irvine, California-based firm engaged in the development and repositioning of commercial properties nationwide. He established the company in 1997 following nearly 20 years as founder and CEO of R.D. Olson Construction. Mr. Olson guides the strategic vision for R.D.

Olson Development with an active, hands-on approach toward every facet of construction and development. He works closely with design and development teams in some of the company’s most prestigious projects, providing valuable input for marketing, investment analysis, debt and equity structures, planning and entitlements, budgeting, constructability and end-user requirements. R.D. Olson Development is recognized for its ability to identify and act on opportunities, delivering solid execution through all phases of design and development while maintaining focus on the business strategy and the bottom line. The majority of the firm’s developments have occurred in the Western U.S. and Hawaii, though Mr. Olson has built projects on a nationwide basis. A specialist in developing hospitality properties, the firm is also experienced in the development of office, retail, multifamily and recreational projects. Mr. Olson’s longstanding experience as a builder has proven to be highly beneficial for development projects. Robert Olson has been recognized as a business leader and entrepreneur on numerous occasions. He is the recipient of Ernst & Young’s Entrepreneur of the Year award, Construction Financial Management Association’s Construction Executive of the Year and the Orange County Business Journal’s Excellence in Entrepreneurship award.

He was recently recognized as a 2012 Hotel Icon by Real Estate FORUM magazine, and is a frequent speaker at leading industry events. Mr. Olson is an active member of the Young Presidents’ Organization (YPO), including having served as Chairman of the California Coast Chapter. His philanthropic activity includes serving on the Board of Directors and Executive Committee of the Orange County Chapter of the American Red Cross. Mr. Olson is an MBA graduate of the University of Southern California. Mike Depatie Managing General - KHP Capital Partners/Former Kimpton CEO Mr. Michael A. Depatie, also known as Mike is the Managing Partner at KHP Capital Partners. Previously, he served as the Chief Executive Officer at Kimpton Hotel & Restaurant Group LLC. Mr. Depatie is responsible for all aspects of Kimpton's development and operating activities. He joined Kimpton in 2003 and is responsible for securing funds and for the acquisition and development of new hotels and restaurants. He served as the President of Kimpton Hotel & Restaurant Group LLC since May 2006. He served as the Chief Executive Officer of Real Estate for Kimpton Group Holding LLC. He quickly created a powerhouse finance and development department.

Since September 2005, he served as the President of Kimpton Hotels & Restaurants, responsible for overseeing its hotel and restaurant operations and legal activities and also to finance and development, design and construction. He started his professional career with Trammell Crow Company in 1983, leading a group and was responsible for financing its properties nationwide. Prior to Kimpton, he served senior finance and development roles in a number of rapidly growing lodging companies including Residence Inn and Summerfield Suites. He served as Senior Vice President of Finance and Development of Residence Inn Company since 1984. He served as the Chief Financial Officer of LaQuinta. He served as the Chief Financial Officer of NYSE-listed Sunterra. Over the course of his career, he was instrumental in building many successful lodging companies while leading initiatives that have raised more than $2.5 billion in debt and equity in numerous public and private financings. He serves as a Director of Jamba Juice Company and Kimpton. He has been a Director of Jamba, Inc. since November 2, 2010. Mr. Depatie holds a Bachelor's degree in Marketing from Michigan State University and a Master's degree from Harvard Business School.

Raul Leal CEO - Virgin Hotels Raul leads Virgin Hotels and is responsible for the company’s overall expansion, customer experience and culture. In a career that spans 30 years, Raul has held top management positions for Interstate Hotels, Lane Hotels and the Continental companies and is one of the few hospitality industry executives that understand both the lifestyle and branded hotels segments. In between 1996 and 2010, Raul was President and Partner at Tecton Hospitality which owned and operated over 35 full branded hotels and was named a “Preferred Hotel Management Company” by most of the major brands. In 2002 he launched Desires Hotels, a management company focused on the growing lifestyle hotel segment. Desires Hotels had 20 award winning modern boutique hotels located in urban and resort locations domestically and internationally. Desires Hotels was named “Best Management Company of the Year” by Lodging Hospitality in 2008 and consistently achieved high levels of REVPAR and profitability as well as social media rankings and owner satisfaction. Raul also serves on the Boards for Entrepreneurship and Innovation at Cornell University.

Niki Leondakis CEO - Commune Hotels & Resorts Niki joined Commune in 2012 to help take over the world—that is, to lead the global expansion for the Commune brands. Previously, she was President and Chief Operating Officer of Kimpton Hotels & Restaurants, and three times during her leadership Kimpton was named one of Fortune Magazine's 100 Best Companies to Work For. Niki was cited as one of the "100 Most Influential Women" by the San Francisco Business Times yearly from 2002 to 2010 (in 2011, she was inducted into its honor roll), recognized as one of "30 Women Power Players" by Nation's Restaurant News, and named one of the "Most Powerful Women in Travel" by Travel Agent Magazine. The recipient of industry awards too numerous to list, she has also devoted herself to Dress for Success, an international nonprofit providing interview suits and other career assistance to low-income women. A native of West Springfield, Massachusetts, Niki now lives with her husband in San Francisco.

Rob Lowe CEO - Lowe Hospitality Group Co-President of Lowe Enterprises and Chief Executive Officer of Lowe Hospitality Group, the hotel and resort management and development division of Lowe Enterprises. He oversees operations of Destination Hotels & Resorts, Lowe’s hospitality operations company. With more than 45 independent luxury and upscale hotels and resorts and over 11,000 rooms under management, Destination is one of the largest independent hospitality management companies in the country. He also oversees Lowe Destination Development, responsible for hospitality development, with well over $3 billion in projects over the last decade. He is a past Trustee and President of the Palisades Presbyterian Church and serves Chairman of the Board of Managers of the Palisades-Malibu YMCA. Education: Stanford University, AB; University of California at Los Angeles, MBA Jay Newman COO - The Athens Group Jay Newman joined The Athens Group in 2000 as Chief Operating Officer where he focuses on the company’s financial affairs and development opportunities. He has more than 32 years of experience in commercial real estate including development along with entitlements and design, acquisitions, joint ventures, finance and dispositions.

Jay is primarily responsible for managing the acquisition and financing of many of The Athens Group's projects including the raising of equity capital. In addition, Jay was primarily responsible for the development and financing of the mixed-use Montage Beverly Hills in California and the acquisition, re-entitlement and redesign of the West Hollywood mixed-use Edition project and is currently engaged in the planning and entitlement for the re-development of the Miramar Hotel in Santa Monica. In 1993, Jay was one of the founding members of the national real estate law firm of Pircher, Nichols & Meeks based in Los Angeles where he was a managing partner and a real estate transactional attorney. In 1995, he joined Highridge Partners in Los Angeles as Senior Vice President of the Summit Commercial Properties Division, where he focused on the purchasing, repositioning, leasing, management and sale of shopping centers and office buildings on both a one-off and portfolio basis. Jay was one of the founders of Lend Lease Development (US) in 1996, where he focused on the development of resorts (including The Ritz-Carlton in Half Moon Bay, California), shopping centers and office buildings.

As Senior Vice President of Lend Lease Real Estate Investments, Inc., and a member of the Lend Lease Lodging Group, he focused on the development of new hotels and resorts throughout the United States and was primarily responsible for the creation of the Resort Development Program. Jay received his undergraduate degree in applied economics (summa cum laude and Phi Beta Kappa) from the University of California at Berkeley in 1978, and his MBA and Juris Doctorate degree from Stanford University in 1982. He is a guest lecturer at the UCLA School of Public Policy and Planning and a frequent speaker at ULI, Meet the Money, Bisnow, the Southern California Development Forum and CLE International. Jay sits on the Board of Directors and Executive Committee for the Beverly Hills Chamber of Commerce, the Board of Directors of the Beverly Hills Conference and Visitors Bureau, and the Board of Directors of Beverly Hills Rotary. Jay is also actively involved in Imagine LA. Jay and his family reside in Los Angeles, California. Mark Harmon CEO - Auberge Resorts Mr. Mark Harmon has been the Managing Partner of Auberge Resorts, LLC since December 17, 2013. Mr.

Harmon founded Auberge Resorts, LLC in 1998, and served as its Chief Executive Officer until December 17, 2013. Mr. Harmon oversaw the design, development and acquisition of hotels, resorts and private clubs. He served as the Principal at Auberge Resorts, LLC. Mr. Harmon formed Auberge Resorts in 1998 to consolidate the management and financial expertise and the assets of its various hospitality ventures and to pursue the development of other unique properties. Since then, he has led Auberge's growth to encompass ventures not only in resort management, but also in resort development, real estate and residence clubs. He serves as Director of Auberge Resorts, LLC. Mr. Harmon is a graduate of Princeton University and University of California, Hastings Law School. Melissa Maher SVP, Global Partner Group - Expedia Melissa Maher leads Global Partner Group for Expedia, Inc., where she manages all aspects of global business relationships with the company’s top strategic hotel partners. She also leads the Global Partner Marketing team charged with enhancing relationships for the industry’s leading ownership companies, key industry associations, along with executing marketing communications and global partner events.

Maher also oversees the team responsible for driving the strategy, distribution and support of Expedia’s gaming lodging supply division and global lodging connectivity teams. During her tenure with Expedia, Maher has taken an active role in driving meaningful dialogue within the hospitality industry regarding issues affecting Expedia’s top lodging supply partners and other key stakeholders in the online travel space. Previously, Maher served as regional director with Expedia, with oversight of the Nevada/gaming lodging division. Prior to joining Expedia in 2001, Maher opened the Paris Hotel & Casino in Las Vegas as the director of conference center sales. She also served as director of tour and conference sales with the Las Vegas Hilton. Maher received an M.B.A. and a B.S. in hotel administration from the University of Nevada, Las Vegas. She serves on the Starwood Leisure Advisory Board and is an advisor on the Expedia Women’s Leadership Council. Michelle Vincent Head of Industry, Travel - Google Michelle has served at Google for over 8 years partnering with Fortune 5000 global and multi-divisional businesses to develop and execute a wide variety of digital marketing strategies.

Prior to joining Google, Michelle held various roles at the New York Post and Hearst Magazines.She is a current member of the Advertising Women of New York and an active committee contributor representing Google at the IAB. Jared Simon Co-Founder - HotelTonight The office’s music police chief, Jared oversees supplier relations and operations. He previously was VP of corporate development at online-video production and distribution pioneer TurnHere. He also helped launch the hotel business at Orbitz.com and served as general manager of the company’s Lodging.com brand. Before he realized life was supposed to be enjoyable, he worked in corporate finance and investment banking at Credit Suisse First Boston and Budget Group, Inc. He HotelTonights at the Hollywood Roosevelt. Noah Silverman Chief Development Officer, North America Full Service Hotels - Marriott Noah Silverman is Chief Development Officer, North America Full Service Hotels for Marriott International, Inc. He is responsible for overseeing all aspects of the development process in the United States and Canada for the Marriott, JW Marriott, Renaissance, Delta, Ritz-Carlton, EDITION and Bvlgari brands and the Autograph Collection. Prior to his current role, Mr.

Silverman served as Senior Vice President, Global Asset Management, where he led Marriott's asset management efforts on a worldwide basis. Before that, he was Senior Vice President, Development Asset Management, providing overall leadership in managing hotel deals from the time a transaction is signed through opening. Before that, Mr. Silverman was Senior Vice President, Project Finance, where he led a variety of complex transactions, including seeking outside investors to own Marriott’s company-owned hotels subject to long-term management agreements. Mr. Silverman joined Marriott in July 1997 in the Marriott Law Department. In June 2002, he became Vice President, Global Asset Management, where he negotiated a number of transactions to preserve and enhance the stability and value of Marriott’s long-term management and franchise agreements. Prior to joining Marriott, Mr. Silverman was an associate with the law firm of Covington & Burling in Washington, D.C. He holds an A.B. from Princeton University and a J.D. from the University of Pennsylvania Law School. Bob Sonnenblick Chairman - Sonnenblick Development Mr.

Robert Sonnenblick, Principal of Sonnenblick, LLC, is a graduate of the Wharton School of Finance of the University of Pennsylvania with more than 30 years of experience in various aspects of real estate and real estate finance. From 1981 to 1991 Mr. Sonnenblick was the driving force and power behind Sonnenblick-Goldman Corporation of California. Mr. Sonnenblick completed over $1.5 Billion of commercial real estate transactions on the West Coast and as a result is regarded as one of the West Coast’s leaders in the field of commercial real estate. Among the more notable projects for which Mr. Sonnenblick personally structured the financing for are The Beaudry Center, Los Angeles, California ($197 million), the Ritz Carlton Hotel, Pasadena, California ($97 million), One Waterfront Plaza, Honolulu, Hawaii ($100 million), and the Los Angeles World Trade Center, Los Angeles, California ($55 million). In 1991 Mr. Sonnenblick was appointed Director of Development for the New Jersey and L.A.

MetroMalls, with the responsibility for oversight and direction of the design, financing and leasing programs for two proposed $250 million enclosed regional malls totaling 1.2 million Sq. Ft. each. Mr. Sonnenblick personally oversaw more than 1 million Sq. Ft. of leases in connection with this position as well as arranging the necessary debt and equity financing. The New Jersey project opened to one of the strongest starts in the history of the United States mall industry. In addition, Mr. Sonnenblick was an original development partner of the Loews Santa Monica Beach Hotel. This 360-room, $90 million hotel was recently sold for $125 million. Prior to forming Sonnenblick Development, LLC, Mr. Sonnenblick was the senior partner in a Los Angeles-based real estate development firm (Sonnenblick Del Rio Development) which specialized in public-private partnerships, specifically the development of four major government-leased office buildings throughout the Los Angeles basin. During this tenure, Mr. Sonnenblick successfully developed nearly 1 million square feet of government leased buildings, occupied by such tenants as U.S.

Department of Homeland Security, Federal Bureau of Investigation (FBI), Los Angeles County Sheriff’s Department, Los Angeles County Department of Public Social Services and Los Angeles County Department of Children and Family Services. Mr. Sonnenblick is a frequent speaker at various real estate-related functions, such as those hosted by Deloitte Touche, ICSC, Value Retail News, Crittenden, USC, UCLA Real Estate Program, IMN Real Estate Conferences and the Institute for International Research, The Opal Group, iGlobal Forum Group, Globe Street/Realshare Conferences and Bloomberg Conferences. Mr. Sonnenblick is a member of the Advisory Board of the Golf Development Institute, a member of the Board of Real Estate Council of the Century City Chamber of Commerce and is a published author on subjects ranging from architecture to general real estate market conditions. In addition to Mr. Sonnenblick’s expertise in development, finance, joint ventures and equity structuring, Mr. Sonnenblick has also been certified as an expert in the area of real estate bankruptcy/foreclosure. Mr. Sonnenblick is a qualified expert witness in the area of Commercial Real Estate Finance and Interest Rates for the United States Federal Court System in numerous jurisdictions.

John Vanderslice Global Head, Luxury & Lifestyle Brands - Hilton Worldwide John T.A. Vanderslice is global head of Hilton Worldwide’s luxury and lifestyle brands – Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, and Canopy by Hilton – and leads each brand’s development strategies, operations and product innovation, training and culture, and global marketing initiatives. Vanderslice joined Hilton Worldwide in September 2009 and now oversees 50 luxury and lifestyle properties located in the world’s most sought-after and desired leisure and business destinations. Prior to his role with Hilton Worldwide, he has worked at such notable companies as Club Med, Inc. and Kraft General Foods. Vanderslice previously served as president and CEO of Club Med Americas, operator of more than 65 leisure resorts around the world, where he led Club Med's operations in North and South America. He was credited with successfully integrating Club Med's marketing and commercial activities, finance and operations while repositioning the all-inclusive resorts as upscale destinations. Prior to joining Club Med, Inc., Vanderslice served as CEO for Miraval Spa in Tucson, Ariz., and was instrumental in transforming the 13-year old spa into a top-ranked lifestyle resort.

Vanderslice has also held executive positions with Triarc Restaurant Group, Fort Lauderdale, and its subsidiaries, including Arby's and T.J. Cinnamons, Inc. Prior to that, he served in a leadership capacity overseeing legacy brands and new product introductions for Kraft General Foods. A leader in the business community, Vanderslice has served on the boards of the Bethesda Hospital Foundation in Boynton Beach, Fla., and Junior Achievement of White Plains, NY. Vanderslice received a Bachelor of Science degree from Boston College School of Management. Dani Stern SVP, Performance Optimization Group - Destination Hotels & Resorts Dani Stern joined Destination because he felt that given his background and the role, it was a perfect fit. What matters most to him is his family, and he believed that joining an organization in which the culture embraces both family and profession is a once-in-a-lifetime opportunity. Dani began his hotel career at an early age, and when he received a degree in hospitality at the world-renowned Institute Hotelier Cesar Ritz in Switzerland followed by a second degree at Virginia Tech, he knew his life would never be the same. He has worked for numerous organizations around the world in almost every discipline.

Leading the Performance Optimization Group allows Dani the ability to utilize his experience as a General Manager and Asset Manager and uses his Six Sigma background to produce synergistic results. Whether it be in due diligence, conversions, operations, asset management, innovation, best practice roll out or an asset requiring aid in almost any area, Dani is more than willing to help out. When not at work, he enjoys his family, skiing, hiking, cooking and traveling. Born in South Africa and having worked and lived on four continents, Dani dabbles in languages and can carry a conversation in a few of them. Brian de Lowe Co-Founder - The Kor Group As Principal, Brian De Lowe leads corporate strategy and the sourcing and execution of acquisitions. Since 2004, Brian has successfully closed over $250 million of acquisitions and $500 million of dispositions with the company. Prior to joining Kor, Brian was the Vice President of Business Development for Viceroy Hotel Group, where he oversaw all aspects of the company's acquisition and business development activities in North America and South America.

While with Viceroy and Kor, Brian also served as Development Director, leading the acquisition, development and redevelopment of urban multifamily, adaptive reuse, and hotel projects in the U.S. and Latin America. Prior to Kor and Viceroy, Brian worked in the Debt & Structured Finance group of Buchanan Street Partners in Los Angeles, where he structured and closed over $200 million in debt and equity transactions across various real estate product types. He is a graduate of the University of Southern California's Marshall School of Business, where he graduated magna cum laude. Xavier Mufraggi CEO - Club Med Xavier Mufraggi is a young, dynamic professional with a strong strategic marketing background in the food, consumer and hospitality sectors. Xavier began his career with Kraft Foods in Europe in marketing, commercial and product development positions for 7 years. Xavier joined Club Med in 2005 and was promoted 3 years later CEO of Club Med North America and Caribbean at age 31. Xavier oversees a 270 million dollar operation consisting of 3,000 employees and he is part of the Club Med worldwide board.

Xavier has succeeded by 2010 in positioning Club Med into an innovative new family upscale vacation niche and turnaround the region, which was unprofitable since 2001. The region now posts historic records every year since 2010. The 2014 period marks the beginning of a more aggressive strategy for Club Med North America starting by the search for new sites in USA and Canada with a priority in ski domains to develop the all-inclusive concept where no one else managed to implement it. He also started bold initiatives such as the partnership with Cirque du Soleil and had a key role in Club Med Digital WW transformation. Xavier has lived in Europe, Africa and the US. As a new American Citizen he now resides in Miami with his British wife and Miami born daughters and actively trains and participates in long distance Triathlons. Richard Millard CEO - Trust Hospitality A well-known and highly respected industry veteran, Richard Millard has been at the helm of Trust Hospitality for nearly three decades. Prior to joining Trust, the UK-born hotelier served in management positions with some of the world’s most recognized hotel companies, including Hyatt, Sheraton and Hilton.

A self-described “lifetime hotelier,” he led Trust into the boutique segment continues to guide its development and growth. Brian Kim Managing Director - Blackstone Brian Kim is a Managing Director in the Real Estate Group at Blackstone and is based in New York. Mr. Kim focuses on new investment opportunities in North America. Since joining Blackstone in 2008, Mr. Kim has played a key role in the development of Blackstone’s $4 billion select service hotel platform through the acquisition of Apple REIT 6, the Clarion hotel portfolio, the OTO portfolio, the Hersha portfolio and the takeover of Eagle Hospitality REIT. In addition, Mr. Kim has helped lead investments in the Four Seasons Las Colinas, the Solana Office Campus in Dallas, the Glenborough office portfolio, the Eurohypo distressed debt portfolio and the development of the Grand Islander timeshare tower in Waikiki. Before joining Blackstone, Mr. Kim worked at Apollo Real Estate Advisors, a global opportunistic real estate firm that oversaw the investment of eleven real estate funds. Prior to that, Mr. Kim worked for Max Capital Management Corp. and Credit Suisse First Boston. Mr. Kim currently serves as a board member of BRE Select Hotels Corp.

and La Quinta Holdings Inc. and received a AB in Biology from Harvard College where he graduated with honors. Walter Isenberg Co-Founder, President & Chief Executive Officer - Sage Hospitality The co-founder of Sage Hospitality, Walter Isenberg serves as the company’s President and Chief Executive Officer. Denver-based Sage Hospitality specializes in the operations, development and capital transactions of hospitality real estate. Sage Hospitality owns and operates hotels and restaurants in 23 states, from urban full-service hotels to smaller select-service suburban properties. Isenberg directs all company operations, including property management, development and finance. Isenberg co-founded Sage Hospitality in 1984 with partner Zachary Neumeyer. The company’s history in hospitality includes ground-up development, historic-adaptive re-use, acquisitions and third-party management. Sage hotels include well known brands such as JW Marriott, Renaissance, Westin and Hilton, as well as several independent hotels. In 2006, Sage formed the Sage Restaurant Group, which operates unique high-volume restaurants inside its urban hotels. Sage Hospitality has been consistently recognized for its significant commitment to corporate citizenship.

The company was the first recipient of Marriott International’s “Spirit to Serve Award,” which is given annually to a franchise partner that lives the vision to be an outstanding corporate citizen. Sage Hospitality has also been an industry leader in implementing green operating practices, committed to developing Gold and Silver LEED certified hotels as well as making it a company-wide mission to make each of its hotels as environmentally friendly as possible. Sage Hospitality has also been recognized for its superior customer service, receiving Excellence in Service awards at many of its hotels. Sage’s development group has won numerous awards for excellence in the development of hotels and has been nationally recognized as a leader in historic preservation. A graduate of Cornell University’s School of Hotel Administration, Isenberg is a member of the American Hotel Lodging Association Government Affairs committee as well as Marriott International and Starwood Owner Advisory Boards. Isenberg was recently inducted into Denver & Colorado’s Tourism Hall of Fame, which is the highest award given by Denver’s travel industry. Active in the community, he currently serves on the boards of Visit Denver, The Downtown Denver Partnership, The Children’s Hospital Foundation, Colorado Concern and the Metropolitan State University of Denver Board of Trustees. Ken Fearn Managing Partner - Integrated Capital Kenneth H.

Fearn is Founder and Managing Partner of Integrated Capital, LLC. Prior to founding Integrated Capital, LLC, Mr. Fearn was Managing Director and Chief Financial Officer of Maritz, Wolff & Co., the primary activity of which was private equity real estate acquisition and development. Maritz, Wolff managed three private equity investment funds totaling $500 million in equity for the sole purpose of acquiring luxury resorts and hotels. Through this affiliation, Mr. Fearn was directly involved in more than $1 billion of hospitality acquisitions, including such renowned properties as the Four Seasons Aviara in San Diego, the Four Seasons Biltmore in Santa Barbara, the Fairmont in San Francisco, the Fairmont Miramar in Santa Monica, and The Carlyle in New York. Previously, Mr. Fearn was with McKinsey & Company, a strategy management consulting firm in Los Angeles. There, Mr. Fearn worked with Fortune 200 companies to address issues of profitability and develop business strategies. Prior to his involvement with McKinsey & Company he worked at JP Morgan & Company, a global investment banking firm in New York City, where he was involved with corporate mergers and acquisitions, and was an associate at Los Angeles based Capital Group Companies prior to attending business school. Mr.

Fearn received a BA in Political Science from the University of California, Berkeley and a Master of Business Administration from the Harvard University Graduate School of Business. Mr. Fearn is also the co-author of a white paper entitled A Productive Inner City, Rebuilding Los Angeles' Competitiveness. The white paper examines economic development within the disadvantaged urban area of Los Angeles, and is the basis for work currently being conducted on "The Competitive Advantage of the Inner City" at Harvard Business School by Michael E. Porter, the Roland Christensen Professor of Business Administration. In October 2010, Mr. Fearn was nominated Chairman of the Board of Commissioners of the Community Redevelopment Agency of the City of Los Angeles ("CRA/LA") where he oversaw the multibillion dollar agency whose mission was to make strategic investments to create economic opportunity and improve the quality of life in the City of Los Angeles. He served in this capacity until March 2012. Mr. Fearn was appointed to the CRA/LA by Mayor Antonio Villaraigosa and approved by the Los Angeles City Council in October 2009.

Under his guidance the agency was repositioned from an agency known for its bureaucracy into an organization with a laser focus on creating jobs and a streamlined the project approval process. Mr. Fearn also serves on the Board of the Los Angeles Area Chamber of Commerce (where he is a member of the Executive Committee and the Finance Committee), the Board of Directors of Berger Bros. (a well established California construction company), and the Owner Advisory Council for Marriott International. Mr. Fearn is also a member of the Young Presidents' Organization (where he served as Chairman for the Santa Monica Bay Chapter), and he serves on the Board of Directors of Challengers Boys & Girls Club. Bruce Wright Senior Vice President & Principal - SB Architects Bruce has over 25 years of design experience, specializing in hotel, resort and residential design. As a senior vice president and principal with SB Architects, he lends his considerable project management and design expertise to a wide variety of projects around the world, in locations ranging from the California Wine Country, to the Caribbean, to China. As a principal of the firm, Bruce plays a leading role in the firm's development and design direction.

Maki Bara President - Chartres Lodging Group Maki Nakamura Bara, President & Co-Founder, is a leading expert in redeveloping and repositioning luxury resorts, urban hotels, convention hotels and conference centers. Her expertise has involved nearly $800 million with The Chartres Lodging Group. Recently, in recognition of her extensive experience in the lodging sector, particularly in acquisitions, asset management, development management and her role in the growth of the company, Maki was recognized as the top "40 Under 40" by M&A Advisor. She also received the "Best Executive" Stevie Award for Women in business and was named a "Woman of Influence" in commercial real estate by Real Estate Southern California magazine. Maki's previous experience includes participating in the formation and growth of the lodging activities of Lend Lease Real Estate and Strategic Hotel Capital. She has also worked at Oxford Capital Partners, Inc. and PricewaterhouseCoopers, the hospitality industry's leading consulting firm. Ms. Bara is a graduate of UCLA, fluent in Japanese and has extensive hospitality industry experience throughout the United States and Japan.

Bill Strang President of Operations - TOTO USA Bill Strang serves as President of the Americas’ Operations for TOTO USA and Chairman of TOTO Mexico. In these capacities, he is responsible for all of TOTO’s North American operations, including supply chain, design and development engineering, quality, ISO, environmental resource management, and management of TOTO’s five North American plants with 1.8 million sf under roof. Under Bill’s leadership, TOTO has received numerous awards and recognitions for its leadership in environmental resource conservation, including the U.S. EPA’s Water Efficiency Leadership award (TOTO is the only plumbing manufacturer so honored); former Georgia Governor Sonny Perdue’s Water Conservation Leadership award; the South face Sustainable Homebuilders’ Argon* award; the City of Atlanta’s Phoenix Award, and the Chattahoochee Riverkeeper’s River Sustainability award. Recently, the Brookings Institution distinguished TOTO for its leadership in Clean Economy jobs creation. Marty Collins CEO - Gatehouse Capital Mr. Collins founded Gatehouse Capital and is responsible for the company's overall strategic direction and both capital and partner relationships.

Prior to founding Gatehouse in 1997, Collins was a partner in a Trammell Crow family affiliate, COO of Hampstead Group, and COO of Americana Hotels and the affiliated investments of the Bass Family of Ft Worth. He holds an undergraduate degree in both liberal arts and teaching from University of Akron, and graduate degrees in both liberal arts and business finance from Southern Methodist University. Greg Remeikis Partner - CohnReznick Greg Remeikis, CPA, is a partner in the Firm’s Assurance Practice and co-leads the Firm’s Hospitality Industry Practice in the Mid-Atlantic region. He serves as the Firm’s quality control partner related to the hotel specialization of the practice and leads the Firm’s initiatives for overseeing our hotel-focused team. Greg has been providing professional services in the hospitality industry for 20 years and has worked with leading hospitality companies in the publicly traded, private equity-backed, and family-owned sectors. He has provided a variety of consulting services to the industry, most notably real estate development and construction services to boutique hotels, internal control consulting to both publicly traded and privately held companies, audits and due diligence related to hotel acquisition, and fraud audits for fidelity bond claims.

Greg has also assisted in developing and expanding our operational consulting services to the Mid-Atlantic region. Michael Homeier Partner - Homeier & Law, P.C. Michael Homeier practices in the area of general business, corporate, transactional, and business financing law. With nearly 25 years' experience in the corporate and business transactional field, both as in-house corporate counsel and with private law firms, Michael's practice emphasizes the drafting, negotiation, and review of contracts, including commercial contracts, financing agreements, factoring packages, intellectual property licensing agreements, new media, technology, and commercial contracts, and entertainment industry agreements for both production houses and industry professionals. An integral part of Michael's practice includes a comprehensive "entity practice" involved with the formation, maintenance, and dissolution of corporations and limited liability companies, both in the for-profit and non-profit sector.

Prior to his co-founding of Homeier & Law, P.C., Michael practiced business, contract, corporate, and securities law both as in-house counsel for large public companies (including Countrywide and Herbalife) and private enterprises, and in association or as of-counsel to prominent Los Angeles law firms such as Ball Hunt Hart Brown & Baerwitz (now part of Carlsmith Ball) and Wasserman Comden & Casselman. In the past, Michael has also garnered invaluable experience on the opposite end of the "size spectrum," working with a sole practitioner in a combined business and civil litigation practice assisting small- and medium-sized clients, where Michael authored and then argued two published, precedent-setting appeals cases, Matthews v. Regents of the University of California (34 Cal. App. 4th 598) concerning workplace sexual harassment, and Jenkins v. Inglewood Unified School District (34 Cal. App. 4th 1388) regarding breach of a school district employment contract.

In addition to numerous engagements as a university law professor, Michael also actively participates in public speaking engagements, both in the business financing and business law arenas, and as an inspirational speaker to teenaged and young adult cancer survivors on post-treatment life success. Michael received his J.D. from University of Southern California and his B.A. from The University of California, Los Angeles. Michael is a member of the State Bar of California. Andrew Pearl China - US Business, Team Leader - Lockton Insurance Greg Duff Owner - Garvey Schubert Barer Greg Duff founded and chairs the firm’s national Hospitality, Travel and Tourism group. Greg’s practice is directed at the variety of operations-oriented matters faced by hospitality and travel industry members, including management agreements, franchise agreements, sales and marketing, distribution and e-commerce, procurement and technology. Greg serves as counsel and legal advisor to many of the hospitality industry's local, state and national trade associations and trade groups, including AH&LA and HSMAI. Greg also founded and co-hosts each year the annual Travel and Technology Conference that focuses on the development and use of emerging technologies in the hospitality and travel industries.

Prior to joining Garvey Schubert Barer, Greg served as Associate General Counsel at the Westin Hotel Company/Starwood Hotels and Resorts, Assistant General Counsel at Homegrocer.com/Webvan Group and General Counsel and VP of Development at Columbia Hospitality. Dina Belon Director - Paladino & Company Dina’s team promotes sustainable advancement in design, construction and operations of the built environment through the planning and implementation of green strategy across building portfolios and organizations. Dina is responsible for elevating real estate owners’ portfolios through effective sustainability strategies that are result-driven and have measurable impact. As a director, she leads business development, strategic planning, program development and change management spanning markets from commercial real estate to retail and hospitality. With twenty years of experience in the development and hospitality industry, Dina has focused her career on pushing the envelope for sustainable development and operations for an impressive list of hotel properties throughout the US. Dina has served in development and sustainability leadership roles within prominent hotel brands, including Marriott International, Wyndham Worldwide and The Peabody Hotel Group. Most recently Belon has worked in the sustainable supply space and as principal of RUSH Hospitality, a sustainability design and construction company.

Dina graduated from Florida State University with a Bachelor of Science in Interior Design. She is a Licensed Interior Designer in the State of Florida and a LEED Accredited Professional with an ID&C specialty. An accomplished speaker, she has led numerous panels and educational sessions at a variety of hospitality focused conferences, forums and expos. Michael Scheinberg Partner - Pircher, Nichols & Meeks Mr. Scheinberg’s practice focuses on commercial real estate transactions, including private equity, restructurings, development, loan origination and workouts, joint ventures, acquisitions and dispositions as well as leasing. Suzanne Mellen Senior Managing Director - HVS With her extensive history in the industry and keen understanding of the markets, Suzanne R. Mellen, MAI, CRE, FRICS, ISHC, sets new standards for hospitality and gaming valuation. Suzanne is the Senior Managing Director of Consulting & Valuation for HVS San Francisco, Las Vegas, and Los Angeles offices, and HVS Gaming Services. She has unparalleled experience, having appraised thousands of hotels, gaming assets, and related real estate throughout the world over the past 35 years. She specializes in complex hotel and casino feasibility issues and is nationally recognized for her industry expertise.

In 2012 and 2013, she led the valuation of several high-profile multi-billion dollar hotel portfolios. In that time she also developed an expertise in the valuation of casinos for assessment purposes and recently testified as an expert witness in one of the nation’s largest casino property tax cases. Suzanne opened the second office of HVS in 1985, locating in San Francisco to expand the firm’s hospitality valuation services to the West Coast. She also led HVS’ expansion to Las Vegas (2009) and Los Angeles (2013). She has grown her practice from that of a solo practitioner to a current staff of 20; offices under her leadership are renowned for excellence and integrity. Suzanne has also developed innovative appraisal methodologies such as a mortgage-equity income capitalization formula for variable income properties, a refinancing model for hotel investments, and a methodology for valuing the real property component of casinos in Pennsylvania, where gaming has been newly established. As an in-demand presenter for conferences throughout the United States, Suzanne has spoken at numerous industry events that include annual appearances at JMBM’s Meet the Money and the Americas Lodging Investment Summit (ALIS).

Suzanne holds the following designations: MAI (Appraisal Institute), CRE (Counselor of Real Estate), FRICS (Fellow of the Royal Institution of Chartered Surveyors), and ISHC (International Society of Hospitality Consultants). Her professional experience includes consulting and appraisal positions with HVS New York, Morgan Guaranty Trust, Laventhol & Horwath, and Helmsley-Spear Hospitality Services, Inc. in New York City and Harley-Little Associates in Toronto, Canada. She gained her operational experience at the Plaza Hotel in New York. Suzanne earned her B.S. degree in Hotel Administration from Cornell University. Rich Brand Partner - Arent Fox Rich Brand is the firm’s San Francisco Managing Partner and head of the Sports practice group. He focuses on sports law, real estate and corporate transactions, e-commerce, hospitality and leisure, and partnership and corporate law. Rich is recognized as a leading sports attorney by Chambers USA and Legal 500 and as a leading real estate attorney by Best Lawyers.

As noted by Chambers USA, “he is highly regarded for his expertise in representing both sellers and purchasers of sports teams” and “he brings tons of experience, and good business sense to the deal table.” Rich speaks extensively on many aspects of sports, real estate and hospitality law at major industry conferences. He is frequently featured on the Yes Network’s Forbes SportsMoney sports talk show and has appeared on CNN, Fox Sports and other national video/television/radio programs. Rich is also an adjunct professor at Stanford Law School and UC Berkeley School of Law, where he leads seminars on sports law transactions. Rich regularly guest lectures at prominent undergraduate and graduate Sports Administration programs. Mike Matkins Partner - Allen Matkins Michael L. Matkins is a founding partner of the firm and one of the country's leading lawyers in real estate development and finance. For more than 40 years, he has advised institutional investors, lenders, property owners, and developers in all aspects of purchase, sale, and financing of properties ranging from office and retail to recreational and mixed-use projects. He guides institutional lenders and investors through the complexities of real estate investing, offering established expertise in loans, joint ventures, partnerships, sale-leasebacks, and other forms of financing and investing.

Michael has been involved in numerous multi-hundred-million-dollar real property asset portfolio acquisitions and dispositions. He has also represented institutional investors in the restructuring of substantial investments in California real property, as well as institutional developers in acquiring, entitling, and developing master-planned communities. Michael is a frequent speaker on real estate and finance trends for various professional organizations. Michele Caniato President - Culture + Commerce Michele Caniato is President of Material ConneXion, a role he has held since 2008 though he has worked at the company since its inception 20 years ago. He has grown the company to be the one of the design industry’s key resources. The consultancy helps companies innovate and create the products and services of tomorrow through smart materials and design thinking. Michele has overseen the expansion of Material ConneXion from its original offices in New York and Milan to the company’s now global presence in Bangkok, Bilbao, Daegu, Skövde and Tokyo. Material ConneXion now provides a critical cross-industry perspective on materials, design, new product development, sustainability and innovation.

In addition to his role at Material ConneXion, Caniato is also the President of Culture + Commerce, the country’s leading design management agency and strategic design consultancy which he co-founded in 2001. Both Culture + Commerce and sister company Material ConneXion were acquired by Sandow® in 2011. Hailed as “the design world’s number one power broker”, his inaugural deal between Philippe Starck and Target solidified the notion that design could be accessible and mainstream as well as aspirational. During his tenure as president, Michele has grown the company’s portfolio of designers and expanded its list of business relationships. He has successfully put together a huge number of deals across a wide range of categories – from hospitality development and interior design to consumer products. Michele speaks regularly on the business of design and has written a series of online articles for T: The New York Times Style Magazine, as well as guest-written articles for numerous other publications, on design-related topics. He has a B.A. degree in architecture and industrial design from the Polytechnic University in Milan.

Louie Moses President - Moses Louie is best known for creating the Joe Boxer "Naked Cowboy" TV spot.[4] He is also known for his work for The Arizona Humane Society, US Airways, The Arizona Office of Tourism, Nintendo,[5] Ubisoft,[6] Taco Time and Shutters on the Beach Hotel. He was selected as Ad Person of the Year in 1997. He was selected as Tourism Person of the Year in 2000. He has been the only Arizona member of the Art Directors Club of New York for 20 years. His agency, Moses, has won more than 1000 creative awards, more than any other agency in Arizona.

In 2013, his agency was recognized nationally when it was chosen as the number one advertising agency in Arizona by Adweek.[7] That same year, his agency was selected by Ultimate Gaming to launch Ultimate Casino - a real-money online casino in New Jersey.[8] Moses plays drums in a local garage band called Random Karma.[9] They have opened for Roger Clyne and the Peacemakers, The Ataris, Gin Blossoms, Sherman, Black Moods, Hickman Dalton Gang, The Flaming Lips, Robin Trower, Cowboy Mouth, Cracker and Just Off Turner.[10] Moses' YouTube drum solo[11] has over 120,000 views. Peter Ferzan Principal - Turner & Townsend As a Principal within the Turner & Townsend organization, Peter is responsible for the New York-based operations, which includes a clientele across many sectors and emphasizes client representation inclusive of program/project management, estimating and cost management, and project controls services. He is the global head of Hotel & Hospitality and Sports & Leisure sectors for the company and has worked with clients such as Host Hotels & Resorts, Hilton Worldwide, Constellation Hotels, Pacific Eagle/Langham, Marriott Hotels, and Starwood.

His experience spans over 35 years within the wider design & construction industry, with an architectural degree from Pratt Institute and formerly a real estate/facilities executive at Goldman Sachs & Co. 7:30 AM

Question: Named for the founder, what is the name given to the upscale luxury hotels and resorts operated by the Hilton hotel chain?
Answer: Conrad.